If the price of hair styling increases, then
A) hair styling salons hire fewer workers but makes more profit.
B) hair stylists demand an increase in wages and the salons hire fewer workers.
C) the value of marginal product of each hair stylist increases and the demand curve for hair stylists shifts leftward.
D) the value of marginal product of each hair stylist increases and the demand curve for hair stylists shifts rightward.
Correct Answer:
Verified
Q79: Q80: Q81: A firm's demand for labor Q82: An increase in the price of a Q83: A decrease in the price of a Q85: If the demand for dog grooming increases Q86: A decrease in the wage rate Q87: The demand for labor increases (that is, Q88: When the price of the good or Q89: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
![]()
A) increases when
A) shifts![]()